Dow Jones Launching Dividend Index

Dow Jones sees a market for the Index in the sudden
spike in interest of companies issuing dividends with the
new lower tax rates on these payments in the United States.
The index – composed of 50 stocks derived from the Dow
Jones US Total Market Index – will be launched on November
3, 2003, according to a news release.

Eligibility for inclusion will be based on a positive
historical five-year dividend per share growth, an average
five-year dividend payout percentage rate less than or
equal to 60% and an annual average daily dollar trading
volume greater than $1.5 million.
Stocks that pass the initial battery of tests will then be
ranked by dividend yield and the top 50 components of the
Total Market Index will be selected for the Dividend
Index.

Further, each investment’s weight in the Dividend Index
will be based on the amount of its indicated dividend. The
indicated annual dividends for all components are totaled
and each component’s weight is equal to its dividend
contribution.

After the initial launch of the dividend index, Dow
Jones also anticipates licensing the first exchange-traded
funds (ETF) based on the Index by the end of the year.

The Index will be reviewed on an annual basis in
December.
Components and weightings will be available starting
November 3 on the Web site
www.djindexes.com
.